Revolut Launches US Banking License Quest 2027
@Revolut receives conditional OCC approval to establish a U.S. national bank, aiming for a 2027 launch with services like insured deposits and crypto transactions. #Update #Finance
@Revolut receives conditional OCC approval to establish a U.S. national bank, aiming for a 2027 launch with services like insured deposits and crypto transactions. #Update #Finance
Australia’s High Court rules 7-0 that @BlockEarner’s crypto yield product was illegal, reinforcing ASIC’s stance on technology-neutral financial laws. Lower courts to decide on penalties.
@Binance’s MiCA license application in the EU faces potential rejection, risking its operations by July 2026. The exchange claims compliance with regulations and awaits a decision from regulators. #Update #Crypto $BNB
@Paxos has received a clearing agency license from the SEC, making it the first blockchain firm in the U.S. to do so, enabling securities clearing and settlement services. #Update #Crypto
The Estonian regulator suspended @Zondacrypto’s license for 30 days over compliance issues, restricting user registrations and deposits amid challenges in Poland following an asset withdrawal freeze. #Update #Crypto $USDT
Securitize Markets LLC gains expanded FINRA approval for tokenized securities custody, settlement, underwriting, and distribution, enhancing on-chain IPO processes. #Update #Legal
@Revolut has applied for a U.S. banking license to enhance financial services, allowing for faster product development and FDIC deposit insurance. The company continues expanding its crypto ecosystem. #Update #Crypto
@Ripple has secured a full Electronic Money Institution license in Luxembourg, enabling expansion across the EU and strengthening its regulatory footprint with over 75 licenses globally. #Update #Crypto $XRP
Approximately 40% of crypto firms in France plan to forgo MiCA licenses, risking closure by July 2026; AMF issues warnings to unresponsive companies. #Update #Crypto
@Binance has secured a full license from the Financial Services Regulatory Authority (FSRA) to operate in the Abu Dhabi Global Market, becoming the first global crypto exchange with this authorization. #Update #Crypto $BNB
Italy’s National Commission for Companies and the Stock Exchange (CONSOB) mandates cryptocurrency service providers to apply for a license by December 30, 2025, with a transition period until June 30, 2026. Non-compliant firms must cease operations and return client assets. #Update #Crypto
@Blockrise, a Dutch Bitcoin startup, has secured a MiCA license from the Netherlands Authority for Financial Markets, enabling it to offer Bitcoin services across the EU and launch business loans starting at €20,000. #Update #Crypto $BTC
@Zerohash has secured a MiCA license from the Dutch Authority for the Financial Markets, enabling stablecoin and crypto asset services across Europe. Speculation about a $2 billion acquisition by Mastercard arises. #Update #Crypto $USDC
@Crypto.com has applied for a banking license with the U.S. Office of the Comptroller of the Currency to enhance custody services for institutional clients, aiming for federal-level offerings across blockchain protocols. #Update #Crypto $CRO